Solutia Sees Shedding Nylon Business This Quarter

St. Louis, MO, Jan. 26, 2009--Solutia Inc. said it expects to report a fourth quarter loss of approximately $590 million to $600 million.

Net sales from continuing operations for the period is expected to be approximately $430 million, due largely to decreased volumes. The company said the softness in demand was present across all geographic regions including Asia, which had been a source of steady growth prior to the fourth quarter.

Further, Solutia said it is exploring strategic alternatives for its nylon business, and currently anticipates announcing a disposition of the assets by the end of the first quarter 2009.